Bengaluru based, Stanley Lifestyles Limited, has garnered Rs. 161.10 crores from anchor investors ahead of its initial public offering that opens for public subscription on Friday, June 21, 2024. The company informed the bourses that it allocated 43,66,051 equity shares at Rs. 369 per share on Thursday, June 20, 2024, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor were SBI MF, SBI AF, Nippon MF, HDFC MF, East Spring Investment India, Quant MF, SBI Life Insurance, Loomis and Sayles, Optimix Wholesale Global Emerging Markets Emerging Markets Share Trust, Franklin India Opportunities Fund, Bandhan MF, Motilal Oswal MF, Max Life, Aditya Birla SunLife Insurance, and Meru Investment fund.
Out of the total allocation of 43,66,051 equity shares to the anchor investors 26,77,080 equity shares were allocated to 7 domestic mutual funds through a total of 8 schemes amounting to Rs. 98.78 crore (approx.) i.e. 61.32 % of the Total Anchor Book Size.
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book-running lead managers. The Company's equity shares are proposed to be listed on the BSE and NSE. |
